Would the same apply if the Limited company were to lend money to a Sole Trader or partnership?.......obviously for working capital. I'm trying to use available funds(retained profits) from my company in preference to taking out cash, which would involve paying a further 25% and thus reduce the capital available. Thanks Chris
Chris, thank you for your reply...
Provided it is a loan at arm's length and there is a properly documented loan agreement with clear terms of repayment terms and interest rates, then it should be okay. Any commercial arrangement should work.
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